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Serbia Surprises With Second Rate Cut as Concerns Rise on Growth

  • Central Bank lowers benchmark interest rate to record 2.5%
  • Mild inflation, slowing output and exports open room to ease
Serbia's central bank, in Belgrade. 

Serbia's central bank, in Belgrade. 

Photographer: Oliver Bunic/Bloomberg

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Serbia unexpectedly cut its key interest rate for a second straight month, opting to help lift economic growth while inflation remains tame and the dinar faces appreciation pressure.